Candidate Requirement From GI or TPA (but needs to have Group Health UW experience) Should have experience in leading a team.
No Travelling) Purpose of this role The role will be responsible for all Group Underwriting deliverables, directing and managing the team, ensuring a profitable and healthy risk portfolio health by leveraging business channels to achieve an ideal portfolio mix and supporting the sales functions in the achievement of top line as well as bottom line business targets including self-validation limit for underwriting.
The purpose of the role is to oversee the activities of the GW team including processes and personnel management. Daily, substantial contact with internal management and executives.
Monitoring the operations for the health underwriting, while considering the needs of internal and external customers; managing initiatives for process improvement and ensuring successful completion of assigned projects.
Monitoring the hiring, training activities within the team. Act as a Liaison with Client Services and all departments supporting Health underwriting.
Completes all responsibilities as outlined in the annual Business Plan. Completes all special projects and other duties as assigned.
Ensuring uniformity in quality & maintain TATs of Underwriting decisions. Frequent changes / modifications in compliance and regulatory requirements involves elaborate changes in policies, procedures, and standards.
Knowledge of Group Underwriting Works on projects / matters of limited complexity in a supporting role. Handling Sales / branch queries preferred along with cross-functional stakeholder management.
Ensure speedy processing of cases from all branches. Responsible for conducting end to end management in terms of adhering to the TAT agreed and compliance of rules and regulations of IRDA and ensuring there is no breach in the process, so as to ensure smooth completion of the IRDA Audits.
Completing ISO documentation procedure and being a responsible part of the ISO Internal and External Audits. Monitoring the policy records for the Policies issued.
Quality check for quotes released (as per authority limits) and policies issued. Monthly Audit of policies issued. Financial KPIs Releasing the quotes within the authority limit.
Group Health Policy Issuance Underwriting Pricing New Underwriting Processing Underwriting application Processing Making of Internal Guidelines and Processes Non-Financial KPIs Team Management.
Training to the subordinates. Audits. Main Responsibilities Coordination with branches for data management for the GW policy approval.
Daily Query resolution as per the requirement from the internal & external stakeholders. Underwriting of All Group proposals.
Data analysis / data formatting for finalizing underwriting proposal in line with the IRDA regulations. Responsible for utilizing established underwriting protocols, guidelines and procedures.
Responsible for verification of the proposed UW proposals as per the terms quoted. Issuance of the policies as per terms quoted for group proposals.
Analysis of Group Policies. Maintaining all trackers like Quotes lister, policy issuance tracker and issuance records. Education Requirement Graduates in any stream, preferable in specializing in Finance & accounts / MBA Finance.
Required Experience 4-8 years in Health underwriting or TPA. Functional Skills Health Insurance domain knowledge. Good in MS Office (Excel).
Strong analytical skills. Detail-oriented work style. Effective written and verbal communication skills. Interpersonal skills High on achievements and should have strong domain skills in administering this role in accordance with the Organization expectation.
Training the other stakeholders on Underwriting guidelines within the organization Good Presentation skills Prefer knowledge of IRDA Regulations Time management skills Problem-solving skills.
Other Details Industry Insurance Employement Type PERMANENT Overview Location Pune Job Title AM / TL - Group Health Underwriting Experience 4.
0 yrs - 8.0 yrs CTC INR 4.50 lacs - 7.00 lacs